Insurance investment outsourcing reaches $5.5tn in reported AUM

Private assets are approaching one-third of the insurance money run by external managers, having more than doubled since 2021 against a 65% rise in outsourced insurance assets overall.

Clearwater Analytics' 2026 Insurance Investment Outsourcing Report, released on 20 May, captures $5.5tn of third-party general account insurance assets across 96 asset managers. That total is 23% higher than a year earlier.

Investment consultants covered by the report advise on $1.8tn across 12 firms, where the 2025 edition put consultant assets under advisement at $2tn. The report now covers 108 managers and consultants in total.

Sources: cwan.com · cwan.com